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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (51249)	5/16/2006 10:28:49 AM
From: TobagoJack	Read Replies (1) \| Respond to of 116555

sheeeeet, at 10:14:50 I did this with oil Message 22455190 why did you not scream <<oil fall to $45 over the next 12 months>> loudly enough :0) chugs, j

To: Earlie who wrote (51249)	5/16/2006 11:02:15 AM
From: elmatador	Respond to of 116555

"commodities per se, but I do expect to see them come off" Brazil extracts 19% from iron ore haggle HOPES that BHP Billiton and Rio Tinto will secure a higher than expected price increase for iron ore shipments from their Pilbara operations have risen after a settlement secured in Europe by Brazil's CVRD. smh.com.au

To: Earlie who wrote (51249)	5/16/2006 11:55:19 AM
From: LLCF	Respond to of 116555

<I don't disagree with your comments on the commodities per se, but I do expect to see them come off..... perhaps even violently.> Especially trusses and sheetrock!! DAK

To: Earlie who wrote (51249)	5/16/2006 6:20:39 PM
From: regli	Read Replies (1) \| Respond to of 116555

'And of course, as we both know, commodities tend to fall in price over time." I don't believe that this will be the case in the foreseeable future (30 to 50 years), at least not across the board. Humanity is depleting resources all over the planet and as climate change illustrates, our ability to exploit the environment to our own detriment is proceeding at an ever increasing pace. This is also the case with resources which are depleting in some instances quite fast. Yale Study: Not Enough Metals In Earth To Meet Global Demand sciencedaily.com I believe that the biggest contributor to falling resources prices in history was ever cheaper energy. With energy costs likely to increase in real terms over the next half century before cost effective alternatives are developed, I don't expect resource prices to decline and in fact I expect them to increase potentially significantly due to their increased scarcity. Things are different this time, maybe not in the short run but definitely for the longer term.